Richard J. Gnodde - Goldman Sachs Group

Last quote by Richard J. Gnodde

If they [the government] tell me in February 2019 there will be a transition period – well, I've already spent all that money, it's not much use to me. At that point the transition period doesn't really help – so the sooner we know ... that's obviously helpful to us.feedback

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This page is completely dedicated to what Richard J. Gnodde has to say. All of Richard J. Gnodde’s quotes are organized here by date and topic. The most recent quote attributed to Richard J. Gnodde came from an article called Brexit will 'stall' City, says Goldman Sachs chief: “We'll be taking extra space in a number of them and be increasing our headcount and infrastructure around those facilities. What our eventual footprint will look like will depend on the outcome of [the Brexit] negotiations and what we are obliged to do because of them.”.

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Quotes by Richard J. Gnodde

We'll be taking extra space in a number of them and be increasing our headcount and infrastructure around those facilities. What our eventual footprint will look like will depend on the outcome of [the Brexit] negotiations and what we are obliged to do because of them.feedback

We have a tightly defined team implementing these contingency plans which will involve upgrading various European locations, including acquiring additional real estate, securing access to market infrastructure and applying for additional licences to conduct business.feedback

All of this work leads us to conclude that although Brexit may well bring some changes to our footprint, a lot will continue to operate as it does today. We are sensitive to those concerns, and want you to know that we will share any information on changes that will impact our European footprint as quickly as we can.feedback

It'll be a combination of things. We'll hire people inside of Europe itself and there will be some movement. For this first period, this is really the period where we put in place these contingency plans, this in the hundreds of people.feedback

We are going to start to execute on those contingency plans. For this first period, this is really the period as we put in place contingency plans, this is in the hundreds of people as opposed to anything greater than that. We can't bank on them so we have to have contingency plans and that's what are going to start to execute on. In the next 18 months we will upgrade those facilities, we will be taking extra space in a number of them, and we will be increasing headcount and capability and infrastructure around those facilities.feedback

What our eventual footprint will look like depends on the outcome of negotiations and what we're obliged to do because of them. Whatever the scenario, whatever the outcome, London will remain for us a very significant regional hub and a very significant global hub.feedback

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